A trader turned $11,000 into $3.07 million in 16 days by investing in an Altcoin, according to data from Onchain. This Altcoin, called MAGA, surged 187 times in value over that period. MAGA stands for "Make America Great Again," inspired by Donald Trump's slogan, which made it popular in the cryptocurrency world. The trader, known as Whalefud.eth, bought 5.34 billion MAGA for 3 ETH just an hour after Trump-themed coins were released. They later bought more MAGA, totaling $3.07 million in holdings. However, it's worth noting that most investors who invest in meme coins like MAGA tend to lose money. Trump's positive comments about Bitcoin and cryptocurrencies fueled the rise of Trump-themed digital currencies.
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